Aban Offshore rose 2.42% to Rs 239.05 at 15:27 IST on BSE on bargain hunting after a recent slide.
Meanwhile, the BSE Sensex was down 75.97 points, or 0.29%, to 26,232.01.On the BSE, so far 5.57 lakh shares were traded in the counter, compared with average daily volumes of 5.64 lakh shares in the past one quarter. The stock had hit a high of Rs 243.80 and a low of Rs 233.60 so far during the day.
The stock hit a 52-week high of Rs 286 on 25 October 2016. The stock hit a 52-week low of Rs 142.50 on 12 February 2016. The stock had outperformed the market over the past 30 days till 20 December 2016, rising 15.34% compared with the 2.11% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.51% as against Sensex's 7.72% decline.
The small-cap company has equity capital of Rs 11.67 crore. Face value per share is Rs 2.
Shares of Aban Offshore fell 10.86% in six trading sessions to settle at Rs 233.40 yesterday, 20 December 2016, from its close of Rs 261.85 on 12 December 2016.
On a consolidated basis, Aban Offshore reported net loss of Rs 274.74 crore in Q2 September 2016 as against net profit of Rs 59.56 crore in Q2 September 2015. Net sales declined 59.70% to Rs 399.01 crore in Q2 September 2016 over Q2 September 2015.
Aban Offshore owns and operates several offshore drilling rigs, drill ships, and a floating production facility.
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